Which has the higher interest rate between automatic rollover and no automatic rollover

The interest rate of automatic rollover and non-automatic rollover is the same, but not necessarily, the dynamic rollover is calculated according to the first agreed interest of the deposit, such as the regular one-year interest, the interest after the automatic rollover is still calculated, and the manual rollover is calculated according to the current interest, for example, the current one-year interest is calculated according to the interest rate, and the manual rollover is calculated according to the interest rate, compared to the manual rollover interest rate is higher than the automatic rollover.

Fixed deposit interest rates.

It is based on the benchmark interest rate of the People's Bank of China.

The interest rate varies depending on the amount and term.

Automatic rollover is to transfer to you after maturity with principal and interest, and the original deposit interest rate is according to the interest rate stipulated by the People's Bank of China on the maturity date. Automatic rollover is a method of capital turnover of banks, which generally refers to the behavior that the bank can automatically roll over the principal and interest of the mature deposit according to the same deposit period after the maturity of the user's fixed deposit.

In the case of automatic rollover at maturity, the interest of the next deposit period will be calculated according to the fixed deposit interest rate listed by the bank on the same day, so the interest of the automatic rollover is different from the original. If the customer requests to withdraw the deposit after renewal, the interest of the deposit will be calculated according to the current interest rate on the withdrawal date during the renewal period, and at the same time, if the intermediate interest rate of the fixed savings is adjusted, the savings interest will not be affected, and the interest on the deposit date will still be calculated.

If the user does not agree to automatically convert into a deposit when making a deposit, then after the maturity of his fixed deposit, the principal and interest will be combined into a new principal and converted into a current account, and the user's deposit will receive interest according to the latest current interest rate.

The dynamic rollover is calculated according to the first agreed interest rate of the deposit, for example, the interest of the fixed one-year period is still calculated according to the automatic rollover, and the manual rollover is calculated according to the current interest, for example, the current one-year interest is calculated according to the interest rate, and the manual rollover is calculated according to the interest rate, compared to the manual rollover interest rate is higher than the automatic rollover rate.

The interest rate on fixed deposits is based on the benchmark interest rate of the People's Bank of China, and the interest rate varies according to the amount and maturity.

Extended Information: What is Agreed Rollover?

Agreed rollover means that the bank accepts the customer's entrustment and carries out the account rollover according to the agreed amount and transfer method on the transfer date entrusted by the depositor.

The interest rate of automatic rollover is the same as that of non-automatic rollover, and the automatic rollover is to redeposit the original deposit interest rate according to the interest rate stipulated by the People's Bank of China on the maturity date after maturity. Non-automatic rollover means that the fixed deposit will be automatically transferred to the current account after maturity and will not be rolled over.

Ping An Bank's lump sum deposit and lump sum withdrawal method at maturity:

2. Non-renewal at maturity: If you choose to withdraw and not renew the time deposit at maturity when you apply for a fixed deposit at the counter, and there is no withdrawal at maturity, then the term will be stored forever, and no interest will be calculated after maturity.

What is the difference between manual rollover and automatic rollover when depositing money in the bank? Which has higher interest?

Is the interest rate of the automatic rollover the same as before?

The auto-rollover interest is not lower. In the case of automatic rollover, the interest and principal are treated as a new principal and the savings are continued on a regular basis. Whereas, manual rollover is when the time has reached a certain time.

If the depositor does not go to the bank to make any re-deposits, all the principal and interest will be treated as current deposits.

Generally, the interest rate of the automatic rollover of a fixed deposit at maturity is calculated according to the interest rate on the date of rollover, and there is no limit on the number of rollovers. Each automatic rollover is to deposit the original principal plus interest as the principal, calculated at the interest rate on the rollover date, and then start a new deposit period.

At present, there are two main types of regular rollover, automatic rollover and non-automatic rollover. Generally, when setting up a certificate of deposit, the bank will require the customer to choose whether the certificate of deposit will be automatically rolled over after maturity, and the specific rules can be consulted with different bank staff. The advantage of automatic rollover is that the interest rate is higher than that of current accounts, and the disadvantage is that the funds are not flexible.

In addition, if the deposit is renewed for less than one deposit cycle, the fixed deposit interest rate will be lost when withdrawing, and the interest will be calculated according to the current interest rate on the withdrawal date.

The interest rate of automatic rollover is generally relatively low because it has a lot of uncertainties, and it may also be fixed or current.

The interest rate is set by the state, floating according to the market, in the case of automatic rollover, the term is unchanged, for example, the previous deposit of one year is also one year, but there will be many differences in the interest rate. To explain the subject's question, let's first popularize the concept that there are three levels of interest rates in banks.